Home / Knowledge / News / Textiles / INEOS & Polymers USA announce restructuring of US assets

INEOS & Polymers USA announce restructuring of US assets

11
Nov '08
INEOS Olefins & Polymers USA announced its intention to strengthen its competitiveness in its US polypropylene assets. Two polypropylene bulk phase units located at the Battleground Manufacturing Complex in La Porte, TX will be shut down by early 2009.

The closure represents approximately 520 M lbs/year of homopolymer and random copolymer capacity. One of the two lines will close by the end of 2008; the other line will close at the end of January 2009. A majority of grades will be translated to other INEOS polypropylene assets.

“INEOS remains committed to delivering quality products that meet our customers' needs, and we believe that our decision clearly demonstrates our intent to optimize our asset base and assure a robust polypropylene business consistent with the overall strategies of Olefins & Polymers USA”, said Dennis Seith, CEO of the INEOS' Olefins & Polymers USA business.

“This optimization, coupled with our focus on new product development for our remaining assets, demonstrates our long term commitment to serving the polypropylene market with high quality, competitive and innovative products,” concludes Dennis Seith.

INEOS


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jun 2021

Half of all cotton-growing regions face severe climate risks by 2040

Climate change could expose half of cotton-growing regions globally...

Pic: Shutterstock

E-commerce | On 25th Jun 2021

UK shoppers struggle to be understood by chatbots: survey

Though chatbots are mainly used for customer service, more than half...

Pic: Shutterstock

Textiles | On 24th Jun 2021

Canada, Indonesia discuss Comprehensive Economic Partnership Agreement

Canada and Indonesia recently began negotiations over a Comprehensive ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

There was a certain switch, but it was not 100% pandemic related

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Tony Naschberger,

Tony Naschberger

With production sites in Klagenfurt and Kufstein, Zimmer Austria is a...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Kriti Kanodia,

Kriti Kanodia

A TV show in 2012 where actor Sonam Kapoor customises her own pair of...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, a global association of the nonwoven fabrics industry, has been...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

Seema Agrawal, Artisan Saga

Seema Agrawal
Artisan Saga

Artisan Saga, founded by Kaushik Rajani and Seema Agrawal, is an online...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search